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Consumers urged to tackle financial spring cleaning

Consumers could save thousands of pounds a year by carrying out a "spring clean" to get the best deals on financial products.

Some financial spring cleaning could save customers thousands of pounds a year, moneysupermarket.com has said.

Identity fraud climbs 32%

Cases of identity fraud rose 32 per cent last year as criminals targeted Britons' bank accounts, communications and mail order products, a new report has claimed.

74% of identity fraud cases were perpetrated online.

Insolvency body calls for ban on store card sales

Insolvency trade body R3 has called for a ban on retail staff being allowed to sell store cards to consumers.

R3 has called for a ban on the sale of store cards at checkouts.

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Debt helpline calls rise 25% as "new penury" strikes

Calls to the Consumer Credit Counselling Service (CCCS) helpline rose by 25% in 2009 to a record 335,323 contacts, the charity has said.

Card fraud losses fall 28%

Losses to credit and debit fraud fell by over a quarter last year, the first decline since 2006.

Consumers urged to tackle financial spring cleaning

Consumers could save thousands of pounds a year by carrying out a "spring clean" to get the best deals on financial products.

Identity fraud climbs 32%

Cases of identity fraud rose 32 per cent last year as criminals targeted Britons' bank accounts, communications and mail order products, a new report has claimed.

Insolvency body calls for ban on store card sales

Insolvency trade body R3 has called for a ban on retail staff being allowed to sell store cards to consumers.

Britons spent first 50 days of 2010 paying off debt interest

It took the first 50 days of 2010 for Britons to earn enough to pay off the interest on their consumer borrowing, making February 20th Debt Freedom Day.

Consumer credit applications 'remain subdued'

Applications for personal loans and credit cards remained subdued in December as consumers showed little improvement in their appetite for borrowing, the Bank of England has revealed.

Survey: 14m use credit cards for everyday purchases

Four out of ten credit card holders are paying for everyday items such as food and petrol using their plastic, according to new research.

Credit card rates 'highest since 1998'

Interest rates on credit cards have been driven to a 12-year high of 18.8% after the economic downturn made lenders increasingly wary of risk, a new report has claimed.

New anti-fraud guides aim to protect consumers

New guides aimed at protecting consumers from falling victim to common types of fraud have been published by the British Bankers' Association (BBA).

Personal loan rates at nine year high

Interest rates for personal loans are at a nine year high despite the Bank of England bank rate being at an all time low research by comparison website Moneyfacts has revealed.

2 million targeted by conmen in 2009

Over 4 million people have responded to some form of scam in their lifetime while 2 million people have done so in the last twelve months, according to the Office of Fair Trading (OFT).

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Loans & Credit Features

The Truth about Credit Scoring

Are you considering applying for a mortgage but worried that past financial misdemeanours might scupper your chances?

Do you understand you credit file?

The problem with unsecured loan brokers

It's tempting to try to apply for an unsecured loan if your debts are beginning to stack up. But lenders have become increasingly reluctant to offer this kind of credit, and as a myfinances.co.uk investigation has discovered, searching the internet for a specialist unsecured loan broker might mean jumping out of the frying pan and into the fire.

Unsecured loan brokers may not be able to provide the help they suggest

Ask the Loans & Credit Expert

Jo Crosse

Jo Crosse is Head of Marketing and Analytics for personal loans at Halifax and Bank of Scotland and has worked within financial services for over 10 years.

Product News

Nationwide reveals 7.9 per cent loan rate

Nationwide has introduced a new personal loan rate of 7.9 per cent APR typical for loans up to five years between £7,500 and £14,999.

New Virgin Credit Card Exclusive launched

Virgin Money has unveiled its new Virgin Credit Card Exclusive which is only available for two weeks through price comparison site moneysupermarket.com.

More product news ...

Guides

Payday loans

Payday loans offer a way of borrowing over the short term, to meet pressing bills that cannot wait.

Demystifying Secured Loans

Julia Dallimore of secured loan provider Picture Financial, writing for MyFinances, explains the ins and outs of secured loans - their risks, benefits, and suitability.

More guides ...

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Loans Advice

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